Bitcoin Hits $80,000 Ahead of $6.36 Billion Deribit Options Expiry
Bitcoin (BTC)
Editor:
Eugene Serbin
Cryptocurrency.com.tr reports that Bitcoin reached $80,000 earlier this week, marking one of its best performances of the year after months of struggle. Data from CoinGecko indicates that the asset has risen by more than 25% on both 14-day and monthly charts. Despite this rally, Bitcoin is facing substantial resistance at the $80,000 level, suggesting increased volatility in the coming days.
The asset is set to encounter a $6.36 billion options expiry on Deribit this Friday. Approximately 81,000 Bitcoin contracts are scheduled to expire at this event. The max pain price for this expiry is identified as $69,000.
Additionally, the put/call ratio stands at 0.85. These factors combine to potentially trigger violent price swings in the near term. The report questions whether Bitcoin will face a price dip soon or continue its current rally. Investors are watching closely to see how the market reacts to this significant expiry event.
How the market reacted
Whalio's own Binance spot order flow for BTC, measured when this story was written up on 28 August 2026. Not the outlet's figures.
Bitcoin is currently trading at $80,249.58, with spot volume reaching $1,297,370,375 over the last 24 hours. The 24-hour buy ratio is 45.2%, while the 4-hour ratio is 39.8% and the 1-hour ratio is 23.7%. This decline in the buy ratio across shorter timeframes indicates that buying pressure is fading as the day progresses. Volume delta shows net selling, with -$123,102,218 over 24 hours and -$42,682,940 in the last hour. This negative delta means that sell volume has exceeded buy volume, pushing the price down from recent highs. The CVD for the 24-hour close is -$109,593,238, confirming sustained selling pressure.
The latest daily buy ratio of 46.7% sits at the 18th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Twenty-four hours later
What BTC did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for BTC, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 51.1%, compared to the current 24-hour ratio of 45.2%. This represents a 5.8 percentage point drop from the weekly average, indicating a shift toward selling. Trading volume is currently at 0.65 times the weekly average, showing reduced activity. While the price increased by 9.9% over eight days, the recent flow suggests a cooling off period. This is an unusual day compared to the weekly norm, characterized by lower volume and a lower buy ratio.